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Royce Micro-Cap TrustRMT +0.14%52 EV-to-OCF is 299.66 as of Aug. 16, 2026, which is 1381% above its 10-year median of 20.24. GuruFocus rates RMT with a GF Score™ of 52/100 and a GF Value™ of $10.44 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,506 Asset Management companies, Royce Micro-Cap Trust ranks worse than 98.21% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Royce Micro-Cap Trust's Enterprise Value is $801.28 Mil.
Royce Micro-Cap Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $2.67 Mil. Therefore, Royce Micro-Cap Trust's EV-to-OCF for today is 299.66.
The historical rank and industry rank for Royce Micro-Cap Trust's EV-to-OCF or its related term are showing as below:
RMT'
s EV-to-OCF Range Over the Past 10 Years
Min: 6.29 Med: 20.24 Max: 1000.88
Current: 299.66
During the past 10 years, the highest EV-to-OCF of Royce Micro-Cap Trust was 1000.88. The lowest was 6.29. And the median was 20.24.
RMT's EV-to-OCF is ranked worse than 98.21% of 1506
companies
in the Asset Management industry
Industry Median: 5.85
vs RMT: 299.66
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Royce Micro-Cap Trust's PE Ratio (TTM) for today is calculated as:
Royce Micro-Cap Trust's share price for today is $14.61.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Royce Micro-Cap Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.766.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Asset Management subindustry, Royce Micro-Cap Trust's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Royce Micro-Cap Trust EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Royce Micro-Cap Trust's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Royce Micro-Cap Trust's EV-to-OCF falls into.
Royce Micro-Cap Trust's current Enterprise Value is $801.28 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Royce Micro-Cap Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $2.67 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Royce Micro-Cap Trust (RMT) has a EV-to-OCF of 299.66 as of Aug. 16, 2026. This is 1381% above median its historical median of 20.24. Over the past decade, Royce Micro-Cap Trust's EV-to-OCF has ranged from 6.29 to 1,000.88. According to the industry distribution chart, Royce Micro-Cap Trust ranks #1479 out of 1506 companies in the Asset Management industry, placing it in the top 98.2%.
Is Royce Micro-Cap Trust's EV-to-OCF too high?
Royce Micro-Cap Trust's current EV-to-OCF of 299.66 is 1381% above median its 10-year median of 20.24. Over the past 10 years, this metric has ranged from a low of 6.29 to a high of 1,000.88. The Asset Management industry median EV-to-OCF is 5.85. Royce Micro-Cap Trust's value of 299.66 is 5022.4% above this industry median. Based on the distribution chart, Royce Micro-Cap Trust ranks #1479 out of 1506 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Royce Micro-Cap Trust has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Royce Micro-Cap Trust's EV-to-OCF compare to GCMG and FDUS?
According to the Asset Management industry distribution chart, Royce Micro-Cap Trust ranks #1479 out of 1506 companies for EV-to-OCF. This places Royce Micro-Cap Trust in the lower half of its industry. The industry median EV-to-OCF is 5.85. Royce Micro-Cap Trust's value of 299.66 is 5022.4% above this benchmark. Historically, Royce Micro-Cap Trust's own EV-to-OCF has ranged from 6.29 to 1,000.88 over the past decade. While the company's 10-year median is 20.24 vs. the industry median of 5.85, Royce Micro-Cap Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for an Asset Management company?
The median EV-to-OCF among Asset Management companies is 5.85, based on 1,506 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royce Micro-Cap Trust's current EV-to-OCF of 299.66 is 5022.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median EV-to-OCF is 5.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royce Micro-Cap Trust's current EV-to-OCF is 299.66, which is 1381% above median its own 10-year median of 20.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royce Micro-Cap Trust stock overvalued right now?
Based on GuruFocus' analysis, Royce Micro-Cap Trust (RMT) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.44, compared to a current price of $14.61 — trading 39.9% above its estimated fair value. The current EV-to-OCF is 299.66, which is 1381% above median its 10-year median of 20.24 and 5022.4% above the Asset Management industry median of 5.85. Royce Micro-Cap Trust's overall GF Score™ is 52/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Royce Micro-Cap Trust (RMT), the current EV-to-OCF is 299.66 as of Aug. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Royce Micro-Cap Trust (RMT) Overvalued in 2026?
Based on GuruFocus' analysis, Royce Micro-Cap Trust stock appears to be overvalued.
The current stock price of $14.61 is trading 39.9% above its estimated GF Value™ of $10.44.
GuruFocus considers Royce Micro-Cap Trust to be Significantly Overvalued.
Key valuation signals for RMT:
EV-to-OCF: 299.66 (1381% above median its 10-year median of 20.24)
GF Value™: $10.44 vs. price of $14.61 (39.9% above fair value)
Industry Position: 5022.4% above the Asset Management median (#1479 of 1506)
No single metric tells the full story. See the RMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royce Micro-Cap Trust Inc is a diversified closed-end investment company. The company is engaged in investing in micro-cap securities. It invests in the consumer discretionary sector, including diversified consumer services, hotels, household durables, leisure products, and luxury goods. Consumer staples sector, including beverages, food, and staples retailing, food products, and personal products, Energy sector, including energy equipment and services, and oil, gas, and consumable fuels. The company also invests in other sectors, including healthcare, financials, industrials, IT, telecommunications, and materials.
52GF Score
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